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Cinéma Centers signs deals with Downtown Saudi Arabia
Arab Centers Company "Syinami Centers" announced the signing of two agreements with Downtown Saudi Arabia, one of the subsidiaries of the Public Investment Fund, aimed at developing a shopping center within the Downtown Medina project. The first agreement involves providing development services for the project's components, with a value exceeding 5% of the company's revenues for 2025, and a duration of three years with the possibility of extending for an additional two years. The second agreement is a lease promise to enable the operation of the shopping center for 25 years after the completion of development work. These two agreements are expected to contribute to strengthening the retail and entertainment sectors in the city, increase the company's revenues, and improve the quality of life while stimulating the local economy.
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